Business
Nigeria’s unemployment rate drops to 4.3% in Q2 2024 – NBS
The National Bureau of Statistics (NBS) has reported that Nigeria’s unemployment rate dropped to 4.3% in the second quarter (Q2) of 2024, down from 5.3% in the first quarter (Q1).
According to the NBS, the unemployment rate reflects the percentage of the labour force—comprising both employed and unemployed individuals—who are jobless but actively seeking work and available to take up employment.
ALSO READ: Amid delayed timelines, Port Harcourt refinery begins crude oil processing
According to the report released on Monday, November 25, “The unemployment rate for Q2 2024 was 4.3%, showing an increase of 0.1 percentage point compared to the same period last year.
The unemployment rate among males was 3.4% and 5.1% among females. By place of residence, the rate was 5.2% in urban areas and 2.8% in rural areas. Youth unemployment rate was 6.5% in Q2 2024, showing a decrease from 8.4% in Q1 2024.”
-
Latest2 days agoPastor Chris Oyakhilome announces mother’s passing at 88 [VIDEO]
-
Football6 days agoSaka: England still carry World Cup scar
-
Comments and Issues1 week agoSometimes, goodwill finds us through the people we love
-
Latest4 days agoArsenal eye €70-80m move for Real Madrid star
-
Business7 days agoCBN reduces MPR by 350bps to 23% in major monetary policy shift
-
Latest3 days agoHow adulterated palm oil, coloured pepper are putting consumers at risk
-
Crime2 days agoDeaths in NSCDC Custody: Can Nigeria guarantee the safety of detainees?
-
Crime3 days agoPolice arrest suspect, launch manhunt for 2 others over Delta Education Director’s death